USD/CAD Canadian Dollar Steady Ahead Of US And Canadian Jobs
The Canadian dollar was flat on Thursday as the volume in the market was subdued with the Fourth of July holiday in the States. The loonie has risen as the market is pricing in more than one rate cut by...
NFP Preview: Wages in Focus as Rate Cut Looms
With the US celebrating Independence Day, many investors might be away for a long weekend break. This increases the potential for a sharp spike when the monthly non-farm payrolls (NFP) report is published on Friday, as volumes could be lower...
Currencies: Trump Again Accused EU And China Of Currency Manipulation
Rates: Bond markets to trade subdued ahead of payrolls Bonds oscillated near strong opening levels yesterday. Markets refused directional positioning ahead of the US holiday (today) and payrolls (tomorrow) despite disappointing data in the US. We expect low-volume trading today...
US Jobs Expected to Bounce Back but Fed Still Likely to Cut
The latest jobs report out of the United States is expected to hit the headlines on Friday at 1230 GMT. Following last month’s disappointing report, which fuelled expectations that the Federal Reserve will begin cutting rates soon, an anticipated bounce...
Big Dollar In Demand Ahead Of July 4 Break
Wednesday July 3: Five things the markets are talking about With volumes low and markets skittish, global sovereign bonds have managed to extend their month’s gains ahead of July 4 celebrations stateside tomorrow on the back of weaker economic data....
Safe-Havens Rally as Investors Go Holiday-Mode Until NFP
It seems markets will either need to see substantial progress on trade or stronger easing signals to yield any major moves. Light volumes are expected until we get to Friday’s employment report, which economists see rebounding to 164,000 jobs. Fed...
DAX: EU Stocks Less Jubilant Amid Threat of New US Tariffs
Sentiment appears a bit cautious following the release of disappointing global data and after the US threatened new tariffs on the EU. But with G20 and OPEC meetings behind us, the focus is turning back to economic data for market...
US Close – Record Highs, Strong Dollar, OPEC + Cuts Signal Extension, Bitcoin Falls
Much of Wall Street was maligned about both the developments that occurred during the start of the free agency window for the New York Knicks and to the outcome from the Trump-Xi meeting. Some traders are saying as we approach...
Countries that Profit from the Trade War with China
Who Gains From China’s Pain? Mostly Vietnam, Mexico and Eurozone Tariffs have reduced imports into the United States from China and reversed (at least temporarily) a decades-long expansion of the U.S. trade deficit with that country (Figure 1). Yet the...
FX Brief: PMI Data Off To A Weak Start In July
Trade talks with China are “back on track” according to Donald Trump, over the weekend. Improved sentiment currently sees gold amid its most bearish session since March and the S&P500 gap to a record high. A weak set of PMI...
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